ImpactAlpha, October 7 – Ÿnsect represents a trifecta of agrifood tech trends: alternative proteins, carbon offsets and novel farming systems. The France-based agtech company is expanding its high-tech vertical facility in Amiens, which recycles waste streams to raise mealworms for more sustainable fish and animal feed (see, “These insects feed fish that feed people”). The company says its facility is carbon-negative, sequestering more carbon than it emits. At full capacity, the farm will produce 100,000 tons of insect products annually.
Ÿnsect extended its fundraising round after raising $125 million last February. Among the new investors: Upfront Ventures, Happiness Capital, Supernova Invest, Armat Group and actor Robert Downey Jr.’s FootPrint Coalition. Astanor Ventures led the round.